We wish to inform you that meeting held today to consider and approve the financial result
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Max Earth Resources Ltd (formerly Max Alert Systems Ltd) held a board meeting on May 29, 2026, and approved its audited financial statements for FY ended March 31, 2026. The company reported strong revenue growth of 60% to Rs 2,329.41 lakhs from Rs 1,458.72 lakhs in the previous year. Profit after tax increased by 70% to Rs 551.80 lakhs from Rs 324.62 lakhs, with EPS rising to Rs 59.98 from Rs 35.29. However, the company posted negative operating cash flows of Rs 237.69 lakhs due to increases in trade receivables and short-term loans. The company still carries accumulated losses of Rs 1,140.92 lakhs, though this has reduced from Rs 1,692.70 lakhs in the prior year. The board also re-appointed M/s. KKAB & Co LLP as internal auditor for FY 2026-27.
The company shows strong revenue and profit growth, which is positive for shareholders. However, negative operating cash flows and accumulated losses remain concerns. The auditors issued an unmodified opinion, suggesting no major issues with financial reporting.